symbolic delivery

symbolic delivery
The constructive delivery of the subject-matter of a sale or gift, where it is cumbersome or inaccessible, by the actual delivery of some article which is conventionally accepted as the symbol or representative of it, or which renders access to it possible, or which is evidence of the purchaser's or donee's title to it. Thus, a present gift of the contents of a box in a bank vault, accompanied by a transfer of the key thereto, is valid as a symbolical delivery

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • symbolic delivery — sym·bol·ic delivery /sim bä lik / n: constructive delivery at delivery Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • symbolic delivery — A transaction wherein physical custody is retained by the party who in the reality of the situation should not have possession. A constructive change of possession. 15 Am J2d Chat Mtg § 137. A delivery of goods of such a nature or so situated as… …   Ballentine's law dictionary

  • symbolic delivery — noun : the delivery of property by means of a token (as a key or a bankbook) …   Useful english dictionary

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

  • Symbolic — Sym*bol ic, Symbolical Sym*bol ic*al, a. [L. symbolicus, Gr. symboliko s: cf. F. symbolique.] Of or pertaining to a symbol or symbols; of the nature of a symbol; exhibiting or expressing by resemblance or signs; representative; as, the figure of… …   The Collaborative International Dictionary of English

  • constructive delivery — A symbolic delivery whereby the party to whom delivery is made is clothed with all the usual muniments of title and indicia of ownership, as in the case of the deposit of a warehouse receipt or bill of lading for goods in store or in transit. 46… …   Ballentine's law dictionary

  • Symbolical delivery — Symbolic Sym*bol ic, Symbolical Sym*bol ic*al, a. [L. symbolicus, Gr. symboliko s: cf. F. symbolique.] Of or pertaining to a symbol or symbols; of the nature of a symbol; exhibiting or expressing by resemblance or signs; representative; as, the… …   The Collaborative International Dictionary of English

  • Gift (law) — Property law Part of …   Wikipedia

  • gift — A voluntary transfer of property to another made gratuitously and without consideration. Bradley v. Bradley, Tex.Civ.App., 540 S.W.2d 504, 511. Essential requisites of gift are capacity of donor, intention of donor to make gift, completed… …   Black's law dictionary

  • gift — A voluntary transfer of property to another made gratuitously and without consideration. Bradley v. Bradley, Tex.Civ.App., 540 S.W.2d 504, 511. Essential requisites of gift are capacity of donor, intention of donor to make gift, completed… …   Black's law dictionary

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